The divergence of the Ergodics and the ADX strongly suggest that the HFTs were hard at work today so we shouldn't lend too much credibility to today's green close.
Actionable Risk Opportunities, Tactical Musings and Timing Indicators for Investors
Monday, September 21, 2015
A Volatile Day...09.21.15
Another wild ride on low volume with SPY rotating between the pivot, R1 and the previous close. At one point SPY (and QQQ) were in the red but then sporadic buying kicked in and we closed in the green. With the pendant trading formation today the skew is neutral for tomorrow...although after hours SPY is up 60 cents (just like Friday's after hours session).
The divergence of the Ergodics and the ADX strongly suggest that the HFTs were hard at work today so we shouldn't lend too much credibility to today's green close.
The divergence of the Ergodics and the ADX strongly suggest that the HFTs were hard at work today so we shouldn't lend too much credibility to today's green close.
